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Search Results 0 to 16 of about 17 (some duplicates have been removed)
lawmakers accountable for what they're doing or not doing to the economy. i am the network's chief business correspondent in addition to anchoring the show. it's a title i earned covering economies and businesses and stock marks around the world. you can see me do that every weekday morning on a show called "world business today." next week, i'll be talking to some of the smartest most powerful minds in business who have an impact on your prosperity. let me show you where i'm going. davos is in the eastern part of squitser land in the swiss alps. it is the highest city in europe. a little more than 10,000 people live there, but every year some of the biggest names in business come in for the world economic for forum. it turns out to be the coldest place in europe and maybe the best place to take the temperature of the global economy. i'll be thousands of miles away but not going to forget about my job. my fox will be on what role the u.s. plays in the global economy and what 2013 is going to look like to the global business elite because their decisions will have an impact on investment and
dangerous way to do it because we start playing with everybody in our economy eye lives. so if we hit the debt ceiling and we don't have a bill that changes it, when we hit somewhere around $16.4 trillion worth of gdebt, the government will have to stop spending because of the debt limit. because we take it a whole lot -- we spend a whole lot more money than we take in, the debt ceiling become as real issue pd at government has to stop spending about $100 billion a month. that means the government will have to lay off people and that will mean more unemployment and more pain for people. it also means the government won't be able to pay all 6 it bills and it may stop sending money to the businesses in the united states. some of whom could go bankruptcy because of it. >> critics have said you can list out all of the things that won't get paid respect but in the end it has a massive ripple effect. and yet the house speaker said yesterday the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved.
temperature of the global economy. i'll be thousands of miles away but not going to forget about my job. my fox will be on what role the u.s. plays in the global economy and what 2013 is going to look like to the global business elite because their decisions will have an impact on investment and job creation right here in the united states. if you've got questions you want me to ask, you're unclear how the u.s. fits into the global economy right now, hit me up before i go or while i'm there. and tune in here saturdays as the 1:00 p.m. eastern, suns at 3:00. thanks for joining the conversation here on "your $$$$$" and have a fantastic $$$$$" and have a fantastic weekend. -- captions by vitac -- www.vitac.com >>> a beautiful day on the national mall. hello, everyone. it's 2:00 on the east coast. 11:00 a.m. out west. thank you for joining us. i'm kate bolduan. >> i'm john berman. great to see you here today. we are live in washington, d.c., covering a huge event for this city and a huge event for the entire country. president barack obama's second inauguration. >> you can just see the
to hold wall street and the big banks accountable and protect consumer and the u.s. economy. >> after all we have been through, i don't believe that rolling back regulations on wall street will help the small businesswoman expand or the laid off construction worker keep his home. >> reporter: republicans in congress want to cut obama era and even bush era regulations which they dismiss as unnecessary red tape. two laws are at issue here. dodd-frank and sarbanes-oxley. dodd-frank is the signature financial reform of president obama's first term. it set up the consumer financial protection bureau to write new rules to prevent fraud and unfair lending practices and put limits on banks deemed too big to fail by monitoring threats and stopping another financial crisis. sarbanes-oxley was a response to a different crisis, the enron accounting scandal of the early 2000s. it set up stricter accounting rules for companies of all sizes. critics say it drives up costs for smaller businesses and restricts growth. what does it mean for small businesss? for the big banks? well, we spoke to a community
it is election day. this is going to sound familiar. a lot of people say the economy, of course, is the biggest concern. most polls show that benjamin netanyahu, the prime minister, scoring a third term win. but conservative likud party lose seats in the parliament. atika shubert watching it from washington. give us a sense, first of all, are people interested? are they passionate? showing up at the polls? >> reporter: they are showing up at the polls. we were at three different polling stations today, saw a good turnout. predicting high voter turnout this year, about an hour ago the official number was more than 55% of eligible voters had cast their vote. and that's more than 5% since the last election. and there is expected to be a late surge with about a half hour left to go before the polls close. so, people are coming out. the question is, who are they voting for? and it's important to remember that the last poll on friday said that 15% of voters were still undecided. so there's still a few surprises, even if netanyahu is forecast to still become the next prime minister, it doesn't mean he
, the president had many of these important issues in his in box, but he decided that the economy should have been the big focus. i think he can tackle gun safety laws, immigration, of course continue to improve our economy so that we can get people back on their feet. i think what anna did this past weekend in williamsburg is very important. she was speaking to some of the most powerful republicans in the country. but if they don't listen to her message, they're in trouble. but we're going to fight. >> we've been waiting for four years on immigration reform. it was a promise president obama made he was going do his first year. we're hoepg it get hoping it g first year second term. >> hope soo toe some bipartisan work. >> go have a bipartisan meal right after this. >> ladies, nice to see you. thank you is so much. >> all right. this question, of course, when we come back, we'll be back a little later today, but up next, are your political leaders set to derail an economic recovery? a can't-miss edition of "your money." almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal.
that the global economy will grow by 3% this year. the revised figure is 2% to 4%. officials largely blame the u.s. and europe for the drop. they said political squabbling over the fiscal glif and the upcoming debt ceiling debate pose big risks to the worldwide economy. the ongoing recession in the euro zone also a factor. >>> and winter weather prompts a state of emergency. salt trucks ran all night long to prevent sleet and freezing rain from the roadways and almost a quarter inch of ice formed on power lines and heavy rain is now causing flooding. >>> facebook's new search tool is surrounded by hype, but others think it might be a dude. it's called graph search and it's a way to search through your facebook network for answers. information google cannot access. you could look for restaurants your friends like, kind of like yelp or look for job connections like on linked-in or you can use it to find singles in your area. steven levy is the senior writer for "wired" magazine. steven, welcome. >> thank you. >> okay, you went to the facebook campus, experimenting with graph search. you interviewe
with the economy, social issues and government spending. she'll have four more years in her high profile position as first lady and agenda, all while making a fashion statement doing it. it sounds so shallow, doesn't it? pulitzer prize winning journalist robyn jiovan, good morning. thank you for being here. >> good morning. >> it always sounds so silly when you talk about the first lady's fashion but there is meaning behind it. please expound on that. >> yes, you know, i think it's one of the things that frustrates people within the fashion industry and probably a good deal of people who cover it. there seems t be this idea that these dresses, these suits that people wear and that they buy somehow just sort of drop out of the sky, that they're made by elves or something. we're talking about a $350 billion industry, an industry made up of a tremendous number of small businesses who, that employ actual live people. so to have a conversation about the impact of a first lady really underscoring the american fashion industry is really a conversation about a first lady who is celebrating american busin
to bring about the collapse of the iranian economy or the surrender of their government. we're not saying sanctions are meaneringless. they are imposing various types of hardships on people in iran, but they are not having the kind of strategic effect that proponents of them here say that they will have, and i would say historically, there's no real example of a case where sanctions organized and instituted by the united states have led either to the overthrow of a government we didn't like or led it basically to surrender our our policy demands. we impose sanctions on iraq for more than a decade. killed more than 1 million iraqis in the process, half of them children, and the iraqi people didn't rise up to overthrow saddam. they didn't you know, change iraqi policies. it took a disastrous u.s. invasion in 2003 to do that. sanctions are not going to have the effect that people are being promised that they'll have here. >> i could talk to you both for hours. we didn't even scratch the surface of the nuclear capabilities and the allegations made against iran on that front, but hillary and f
the growing threat poses a major threat to the u.s. economy. >> where is the tipping point? i don't know where it is, but when it comes, going to be so swift and so savage. >> reporter: obama's plan proposes $360 billion in cuts to medicaid, medicare and other health programs over the next decade. but because costs in those programs are rising fast, the debt would be $6.4 trillion higher in 10 years. the president's budget also proposes cuts to discretionary and mandatory spending that would save $737 billion over a decade. military spending would be reduced, saving $487 billion. the fiscal cliff bill that congress passed on new year's day would also reduce projected deficits somewhat. higher taxes on households making above $450,000 and other tax increases will raise an additional $600 billion in revenue by 2022. but that's not enough. and as democrats and republicans gear up over the next few months to debate spending cuts, debt limits and the federal budget, there still is not a credible plan out there that puts a serious dent in the debt. but douglas durst still holds out hope that one day
20% better fuel economy and a cabin that is pressurized so you feel more like sea level. and this plane needs it and that's why it's having some of those problems and it has a global supply chain. these parts for these planes are made all over the world. the fuselage, the main second of the plane is made in italy and right here in seattle, wrark ton, that is the global supply chain. it's all supposed to work really well and there have been a lot of people that criticize that that might be what the problem is. i want to show you the stock price of this -- of boeing. i can't sort of get it to work. let me show it to you. there's your stock chart. if you bought it a year ago, you'll find it's in the same place. while the stock place has come down in a little bit, shareholders don't really care about this. why? because like the 747, a-380 before it, they will get it worked out. but should you buy the stock right now? i spoke to a guy that says probably not. >> even if there is nothing, there is going to be this cloud of uncertainty that because it's an investigation you just
to get its act together and get the economy moving. >> the american people also elected another house of representatives, a republican house of representatives, and that is our most direct form of representation in the federal government, the house of representatives, and they're the ones that control the purse strings. we have to do something. this isn't -- the thing is this is not about party politics. this is about the solvency of this country, it is about this country being the greatest nation on earth. it's our greatest threat to our national security. >> some people would say it is about party politics and some people, frankly, blame the tea party for this terrible gridlock in the house of representatives. there's a tea party group in south florida that's going to change its name to not include the tea party because the public reacts so negatively to that title now. >> i think that's because we have been, i mean just given a bad rap. all we're about is fiscal responsibility. we're not about social issues. all we want is washington to live within their means, just like families a
mohamed morsi, a member of the muslim brotherhood. but egypt's economy is on the ropes. across the region, political storm clouds ar gathering as iran, israel and eight arab countries hold crucial elections this year. >> in every one of them, a new form of right, far, far right is emerging as to change the balance of power. >> reporter: in his first term, barack obama said he was making the middle east peace process a priority, but middle east expert aaron david miller says don't get your hopes up for this term. >> the fact is if you -- if the administration tried to put mahmoud abbas and benjamin netanyahu down together, right now, or in february, at the negotiating table, the gaps between them are so large that they simply cannot be bridged and the u.s., yet again, will be revealed as an emperor without clothes. >> and when we come back, we'll talk to chris lawrence from the pentagon, get new information here about this hostage situation in algeria. this is this north african country where we're now hearing, confirmed by the state department, 40 hostages, being called an act of terror b
academically to go on to a four-year college and now with the economy and the resources as they are, many students are choosing to make a community college their first entrance into higher education. but they also provide people with vocational training, a brand-new division to the campus, first responder training, other technical training, so when people graduate, they can actually have a profession, nursing. it is a well respected college, just in the state of texas, and a number of other colleges, four-year colleges. they do quite well. i have been to the campus. the stunts a the students are as committed to their college and their careers as they would be at another school. it is a place to learn and i'm saddened by what happened today. >> congressman lee, there had been one eyewitness report from our affiliate that said he saw somebody shot in the leg. is your understanding that there was one bystander shot? we're seeing three people wounded at this point. was one of those people an alleged shooter? >> anderson, the facts we have are similar. i spoke to the leadership at campus. they
Search Results 0 to 16 of about 17 (some duplicates have been removed)